The fund according to Léautier seeks the opportunity to support the “missing middle” by targeting equity investments ranging from $1.0 to $15 million (about Rwf680 to Rwf10 billion) mainly through providing growth capital.

Mkoba has an explicit focus on developing the African private sector: through investment in African based, managed and/or owned businesses and joint ventures between local and international entrepreneurs.

While holding discussions with the President, Léautier said that they talked on how to do investment in the Rwandan context and the kind of investments that will be important to do.

“I have received very strong support in terms of launching these activities in Rwanda and perhaps experiencing some of the successes Rwanda has had by establishing a business.”

She says that Rwandans will benefit by investing in the fund and also the fund will help businesses that are looking for capital to grow since now getting funding from banks is becoming difficult and equity models such as this one gives companies breathing room for the companies to do expansions before they start making repayments.